Telstra extends Service Stream contract

Telco sticks with existing outsourcer for the installation, maintenance and servicing of the exchange to customer premise part of its network

Telstra has gifted Service Stream (ASX:SSM) with a two-year contract extension and scope expansion for the installation, maintenance and construction of networks from the telco's exchanges to customer premises.

The contract, called the Access and Associated Services (ASS) deal, will now see Service Stream also operate in Western Australia and South Australia, in addition to the Northern Territory, eastern states and Tasmania.

More than 60 per cent of Telstra's copper, fibre and broadband networks will be serviced by Service Stream.

In a statement to the ASX, Service Stream said the deal could bring in an additional $30 million per year and positioned it well for a possible National Broadband Network (NBN) roll out.

"Service Stream has already undertaken two of the designs for NBN trial sites at Armidale and Minnamurra, and continues to participate in tenders for further design work, as well as the construction arising from that design work," the company said in the statement.

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